PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1768132
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1768132
Global IV Tubing Sets & Accessories Market to Reach US$1.8 Billion by 2030
The global market for IV Tubing Sets & Accessories estimated at US$1.4 Billion in the year 2024, is expected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2024-2030. Primary IV Tubing Sets, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$561.3 Million by the end of the analysis period. Growth in the IV Tubing Accessories segment is estimated at 3.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$365.2 Million While China is Forecast to Grow at 6.5% CAGR
The IV Tubing Sets & Accessories market in the U.S. is estimated at US$365.2 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$380.7 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
Global IV Tubing Sets & Accessories Market - Key Trends and Drivers Summarized
Why Are IV Tubing Sets & Accessories Vital in Modern Healthcare?
IV tubing sets and accessories are essential components in healthcare settings, enabling the safe and efficient delivery of fluids, medications, and nutrients to patients. IV sets consist of tubing, connectors, and flow regulators that ensure precise control over the infusion process, making them indispensable in hospitals, clinics, and home care. These devices are used in a wide range of medical treatments, from hydration and chemotherapy to the administration of antibiotics and pain management. As the demand for intravenous therapies continues to rise, IV tubing sets and accessories are playing a critical role in enhancing patient care and improving treatment outcomes.
What Technological Innovations Are Enhancing IV Tubing Sets & Accessories?
Technological advancements in materials, safety features, and precision controls are improving the functionality and safety of IV tubing sets and accessories. Modern IV sets are made from biocompatible and latex-free materials, reducing the risk of allergic reactions and contamination. Safety features such as needleless connectors, anti-kink tubing, and air-elimination filters are being integrated into IV sets to prevent complications like air embolism and catheter-related infections. Furthermore, smart infusion pumps are being used in conjunction with IV tubing sets to provide precise control over medication delivery, reducing the risk of dosing errors and improving patient safety.
How Do Market Segments Define the Growth of IV Tubing Sets & Accessories?
Product types include primary IV tubing sets, secondary tubing sets, and extension sets, with primary IV sets representing the largest segment due to their widespread use in hospitals and clinics. Applications range from fluid and medication administration to blood transfusions and chemotherapy, with medication administration being the largest segment as IV therapy is a cornerstone of modern medical treatments. End-users include hospitals, ambulatory surgical centers, and home healthcare providers, with hospitals driving the market due to the high volume of intravenous procedures performed in these settings.
What Factors Are Driving the Growth in the IV Tubing Sets & Accessories Market?
The growth in the IV tubing sets and accessories market is driven by several factors, including the increasing prevalence of chronic diseases, the rising demand for IV therapy in hospitals and home care settings, and advancements in IV safety features. As the global population ages and the incidence of conditions such as cancer, diabetes, and cardiovascular diseases rises, the need for IV therapy is expanding. Technological innovations, such as smart infusion pumps and needleless connectors, are enhancing the safety and accuracy of IV therapy, further propelling market growth. Additionally, the growing trend of home healthcare and the increasing availability of portable IV equipment are contributing to the expansion of the IV tubing sets and accessories market.
SCOPE OF STUDY:
The report analyzes the IV Tubing Sets & Accessories market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Primary IV Tubing Sets, IV Tubing Accessories, Extension IV Tubing Sets, Secondary IV Tubing Sets, Other Products); Application (Peripheral Intravenous Catheter Insertion, Central Venous Catheter Placement, PICC Line Insertion); End-Use (Hospitals, Clinics, Ambulatory Surgery Centers, Other End-Uses)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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